Jump to: Pattern Result
Date and Arrival Time: 2021-03-30 07:30
Symbol Name: USD/CAD
Pattern and Direction: Bullish Rectangle Break
Pattern Completion Price: 1.2604, Pattern Ideal Completion Price: 1.2600
An Bullish Rectangle Break has arrived at 07:30 UTC
This is a pattern with a formation span of 1 day
There is a potential Buy opportunity at 1.2604. A safe stop-loss for this Bullish Rectangle can be kept at 1.2581, depending on the trader’s risk tolerance. PatternSurfer always advocates tight stop-losses to maintain the best risk-reward ratios .
UPDATE: 31st March – Success!
Although briefly testing the invalidation levels, the price promptly moved in a bullish direction to attain the target of 1.2618 and beyond.
